There was so much liquidity in England, they DRAINED $28B yesterday.
Could be the banks have formed a cabal... and are REFUSING to lend until the Gummint promises they will take the bank's toxic paper off of their hands.... that is, the taxpayer ends up standing for bank and investor losses...
A new twist on The Golden Rule..
Could be the banks have formed a cabal... and are REFUSING to lend until the Gummint promises they will take the bank's toxic paper off of their hands.... that is, the taxpayer ends up standing for bank and investor losses...
A new twist on The Golden Rule..

